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Silicone Elastomers Market Share, Growth, Opportunities 2030

Global Silicone Elastomers Market

Name: Growth Market Reports
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Segments - by Type (Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Others), by Application (Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair & Hardware, Construction, Others), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

MC-4773
4.5 Rating
239 Pages

07-07-2022
82 Reviews

Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

Silicone Elastomers Market Market Outlook:

The Global Silicone Elastomers Market was estimated at USD 5,656.8 Million in 2020 and is anticipated to reach USD 9,295.4 Million by 2028, expanding at a CAGR of 6.4% during the forecast period.

Silicone elastomers are made by combining reactive, straight-chained molecules with a cross-linking agent and reinforcing to produce a material with high mechanical characteristics (elasticity, absorption, tear strength). Linear polymers, reinforcing agents, a crosslinker, and a catalyst are used to make silicone elastomers. The basic straight-chain molecule's type, viscosity, and processing temperature substantially affect the types of elastomers that are formed.

Silicone elastomers are employed in high-performance Applications, especially when conventional polymeric materials are expected to fail. When subjected to a broad range of temperatures (from -50°C to 250°C) or intense outdoor exposure, parts manufactured of silicone elastomers rubber offer extended durability and dependability (humidity, UV, Ozone). Their dielectric houses and thermal resistance are ideal to insulate and defend digital systems, which includes protection from excessive voltage lines.

Macro-economic Factors

GDP

The world has undergone severe changes since the COVID-19 pandemic started. This pandemic had drastic effects on the supply chain of the silicone elastomers producing and manufacturing companies in the global industry, followed by ficant monetary losses and a substantial decrease in revenue. At the starting phase of the pandemic, manufacturing companies were facing difficulties, owing to the increasing risk of shortage of raw materials required for production.

Population

The global population is growing rapidly. In the current scenario, the demand for silicone elastomers is rising among end-user industry verticals such as automotive, construction and others. Special functions and attributes of silicone elastomers originated from its specific molecular structure, thus creating both inorganic and organic properties in comparison to different organic rubbers.

Inflation

The average inflation rate with respect to consumer price percentage is changing by 4.6% in 2020. The price percentage is estimated to be valued at 3.9%, according to IMF data.. As the purchasing power decreases, this tends to raise inflation, producing a potentially disastrous feedback loop. Thus, inflation is expected to pose a negative impact on the market.

Silicone Elastomers Market Market Dynamics

Market Driver

Increasing utilization in automotive industry

The rising usage of silicone elastomers in automotive sector is expected to propel the market in the coming years. For instance, increase in sales of the automotive industry by under 70 million units in 2021. In addition, silicone elastomers are used in producing spark plug boots, gaskets, ignition cables, connector seals, turbocharger hoses, and silicone wiper blades. Furthermore, they have various self-adhesive characteristics such as thermal, tear, and friction resistance. This results into ficant usage of silicone elastomers in several industries including healthcare, construction, and others across the world.

Rising use of silicone elastomers in construction sector

Silicone elastomers including fluorosilicone rubber, fluorosilicone rubber, and others are used in several Applications in construction industry such as encapsulating compounds, potting, adhesives & sealants, and coating, due to its ability to bond to metal and weathering properties of silicone elastomers. Hence, demand for silicone elastomers is rising in the construction sector.

Governments are taking initiatives for increasing the construction of residential homes for providing proper housing facilities to the increasing population. These initiatives aid in raising the demand for sealants and adhesives in the residential construction sector, which is expected to drive the silicone elastomers market in the coming years.

Market Restraint

Several disadvantages related to silicone elastomers

One of the major factors which is hampering the growth of the silicone elastomers market is the disadvantages related to silicone elastomers. They are expensive as compared to rubber and other substances. Silicone elastomers are little sticky to the touch of their herbal nation. This results into attaching the dust and other particles to them and giving rougher look. Low tearing power of silicone rubber and lack of abrasion resistance and natural strength are some disadvantages that are hindering the growth of the silicone elastomers market.

Poor chemical compatibility

Silicone elastomers have poor chemical compatibility, which is projected to restraint the market growth over the forecast period. In spite of widespread adaptability, in few conditions and packages the silicone elastomers are carried out poorly and have harmful reactions. For instance, it is not immersed in gasoline or alcohol, its curing is hindered with the help of sulfur, latex, and some other compounds. Hence, precautions need to be taken in the process having a chemical environment before using the silicone elastomers, which is anticipated to hamper the market growth in the coming years.

Scope of Silicone Elastomers Market Report

The report on the global Silicone Elastomers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Silicone Elastomers Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Type (Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Others), Application (Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair & Hardware, Construction, Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	CHT Germany GmbH, Elkem ASA, KCC CORPORATION, The Dow Chemical Company ("Dow"), Momentive, Wacker Chemie AG, Innovative Silicone, ARCO Silicone, Nano Tech Chemical Brothers Private Limited, Shenzhen Tensan CO., LTD., STOCKWELL ELASTOMERSICS, INC

Silicone Elastomers Market Segmental Outlook

Based on types, the Silicone Elastomers market is segmented into Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Others. The high consistency rubber segment is expected to drive the market, owing to factors such as high resistance to heat, cold, and other extreme weather, as well as superior electrical properties. High-consistency rubber silicones see extensive use in diverse industries. Healthcare, in particular, uses this silicone variant in medical device manufacturing.

On the basis of applications, the market is fragmented into Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair & Hardware, Construction, Others. The automotive segment is expected to drive the market, due to the development of technologies in the automotive industry to increase safety, comfort, and fuel efficiency in automobiles.

Silicone elastomers have long been utilized in the production of spark plug boots, connection seals, and, more recently, fluorosilicone intake manifold gaskets, turbocharger hoses, and silicone wiper blades for automobiles. Because of their advantages in terms of heat resistance, low-temperature features, and electrical characteristics, silicone elastomers are utilized in a variety of automobile parts.

Silicone Elastomers Market Regional Outlook

Based on regions, the market is separated into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America held a significant share of the market during the forecast period.

Europe is expected to drive the market, owing to factors such as increasing urbanization and industrialization, expanding vehicle industry, and rising demand for cosmetics.

Asia Pacific is expected to emerge as a rapidly-growing and large market for silicone elastomers, as a result of increased car manufacturing in the region, which drives the demand for silicone elastomers in the region. Automobile production in countries such as Malaysia, Japan, Taiwan, and India increased, which raised the demand for silicone elastomers in the region.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the Global Silicone Elastomers Market
Historical, Current and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Silicone Elastomers Market Performance

Segments

By Type

Liquid Silicone Rubber
High Consistency Rubber
Fluorosilicone Rubber
Others

By Applications

Automotive
Healthcare
Electronics
Apparel
Medical Devices
Home Repair & Hardware
Construction
Others

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players Profiled in the Report

CHT Germany GmbH
Elkem ASA
KCC CORPORATION
The Dow Chemical Company ("Dow")
Momentive
Wacker Chemie AG
Innovative Silicone
ARCO Silicone
Nano Tech Chemical Brothers Private Limited
Shenzhen Tensan CO., LTD.
STOCKWELL ELASTOMERSICS, INC

Competitive Landscape

Manufacturers operating in the global Silicone Elastomers market include CHT Germany GmbH, Elkem ASA, KCC CORPORATION, The Dow Chemical Company ("Dow"), Momentive, Wacker Chemie AG, Innovative Silicone, ARCO Silicone, Nano Tech Chemical Brothers Private Limited, Shenzhen Tensan CO., LTD., STOCKWELL ELASTOMERSICS, INC.
Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Silicone Elastomers market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicone Elastomer Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Silicone Elastomers Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Silicone Elastomers Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Silicone Elastomers Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Silicone Elastomers Market Size & Forecast, 2015-2030
      4.5.1 Silicone Elastomers Market Size and Y-o-Y Growth
      4.5.2 Silicone Elastomers Market Absolute $ Opportunity
   4.6 Silicone Elastomers Market: Impact of Key Regulation
Chapter 5 Global Silicone Elastomers Market Analysis and Forecast By Types
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Types
      5.1.2 Basis Point Share (BPS) Analysis By Types
      5.1.3 Absolute $ Opportunity Assessment By Types
   5.2 Silicone Elastomers Market Size Forecast By Types
      5.2.1 Liquid Silicone Rubber
      5.2.2 High Consistency Rubber
      5.2.3 Fluorosilicone Rubber
      5.2.4 Others
   5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Silicone Elastomers Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Silicone Elastomers Market Size Forecast By Application
      6.2.1 Automotive
      6.2.2 Healthcare
      6.2.3 Electronics
      6.2.4 Apparel
      6.2.5 Medical Devices
      6.2.6 Home Repair & Hardware
      6.2.7 Construction
      6.2.8 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Silicone Elastomers Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Silicone Elastomers Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Silicone Elastomers Analysis and Forecast
   9.1 Introduction
   9.2 North America Silicone Elastomers Market Size Forecast by Country
      9.2.1 U.S.
            9.2.1.1 U.S. Silicone Elastomers Market Size Forecast By Types market size & Volume
            9.2.1.2 U.S. Silicone Elastomers Market Size Forecast By Application market size & Volume
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Silicone Elastomers Market Size Forecast By Types
      9.6.1 Liquid Silicone Rubber
      9.6.2 High Consistency Rubber
      9.6.3 Fluorosilicone Rubber
      9.6.4 Others
   9.7 Basis Point Share (BPS) Analysis By Types
   9.8 Absolute $ Opportunity Assessment By Types
   9.9 Market Attractiveness Analysis By Types
   9.10 North America Silicone Elastomers Market Size Forecast By Application
      9.10.1 Automotive
      9.10.2 Healthcare
      9.10.3 Electronics
      9.10.4 Apparel
      9.10.5 Medical Devices
      9.10.6 Home Repair & Hardware
      9.10.7 Construction
      9.10.8 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Silicone Elastomers Analysis and Forecast
   10.1 Introduction
   10.2 Europe Silicone Elastomers Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Silicone Elastomers Market Size Forecast By Types
      10.6.1 Liquid Silicone Rubber
      10.6.2 High Consistency Rubber
      10.6.3 Fluorosilicone Rubber
      10.6.4 Others
   10.7 Basis Point Share (BPS) Analysis By Types
   10.8 Absolute $ Opportunity Assessment By Types
   10.9 Market Attractiveness Analysis By Types
   10.10 Europe Silicone Elastomers Market Size Forecast By Application
      10.10.1 Automotive
      10.10.2 Healthcare
      10.10.3 Electronics
      10.10.4 Apparel
      10.10.5 Medical Devices
      10.10.6 Home Repair & Hardware
      10.10.7 Construction
      10.10.8 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Silicone Elastomers Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Silicone Elastomers Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Silicone Elastomers Market Size Forecast By Types
      11.6.1 Liquid Silicone Rubber
      11.6.2 High Consistency Rubber
      11.6.3 Fluorosilicone Rubber
      11.6.4 Others
   11.7 Basis Point Share (BPS) Analysis By Types
   11.8 Absolute $ Opportunity Assessment By Types
   11.9 Market Attractiveness Analysis By Types
   11.10 Asia Pacific Silicone Elastomers Market Size Forecast By Application
      11.10.1 Automotive
      11.10.2 Healthcare
      11.10.3 Electronics
      11.10.4 Apparel
      11.10.5 Medical Devices
      11.10.6 Home Repair & Hardware
      11.10.7 Construction
      11.10.8 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Silicone Elastomers Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Silicone Elastomers Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Silicone Elastomers Market Size Forecast By Types
      12.6.1 Liquid Silicone Rubber
      12.6.2 High Consistency Rubber
      12.6.3 Fluorosilicone Rubber
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis By Types
   12.8 Absolute $ Opportunity Assessment By Types
   12.9 Market Attractiveness Analysis By Types
   12.10 Latin America Silicone Elastomers Market Size Forecast By Application
      12.10.1 Automotive
      12.10.2 Healthcare
      12.10.3 Electronics
      12.10.4 Apparel
      12.10.5 Medical Devices
      12.10.6 Home Repair & Hardware
      12.10.7 Construction
      12.10.8 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Silicone Elastomers Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Silicone Elastomers Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Silicone Elastomers Market Size Forecast By Types
      13.6.1 Liquid Silicone Rubber
      13.6.2 High Consistency Rubber
      13.6.3 Fluorosilicone Rubber
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis By Types
   13.8 Absolute $ Opportunity Assessment By Types
   13.9 Market Attractiveness Analysis By Types
   13.10 Middle East & Africa (MEA) Silicone Elastomers Market Size Forecast By Application
      13.10.1 Automotive
      13.10.2 Healthcare
      13.10.3 Electronics
      13.10.4 Apparel
      13.10.5 Medical Devices
      13.10.6 Home Repair & Hardware
      13.10.7 Construction
      13.10.8 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Silicone Elastomers Market: Competitive Dashboard
   14.2 Global Silicone Elastomers Market: Market Share Analysis, 2021
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 CHT Germany GmbH
      14.3.2 Elkem ASA
      14.3.3 KCC CORPORATION
      14.3.4 The Dow Chemical Company ("Dow")
      14.3.5 Momentive
      14.3.6 Wacker Chemie AG
      14.3.7 Innovative Silicone
      14.3.8 ARCO Silicone
      14.3.9 Nano Tech Chemical Brothers Private Limited
      14.3.10 Shenzhen Tensan CO., LTD.
      14.3.11 STOCKWELL ELASTOMERSICS, INC.

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FAQ Section

Some frequently asked questions about this report!

1. Can I ask for different company profiles?

Additional company profiles can be provided on request

2. How big will be the Silicone Elastomers market in 2028?

According to this Growth Market Reports report, the Silicone Elastomers market is likely to register a CAGR of 6.4% during the forecast period 2020-2028, with an anticipated valuation of USD 9,295.4 Million by the end of 2028.

3. What additional data analysis is available in a report?

In addition to market size (in US$ Million) Company Market Share (in % for the base year 2020), and Impact of Key Regulations.

4. What are the criteria used for selecting a company profile?

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

5. What are the factors driving the growth of Silicone Elastomers market?

Increasing utilization in automotive industry, Rising use of silicone elastomers in construction sector, Growing Applications in cosmetic and non-public care, Growing government expenditure is bolstering the medical & healthcare sector is expected to drive the growth for the market over forecast period.